Press release
Chronic Pain Market Growth, Trends & Forecast 2025-2032 | Top key players - GSK plc, Bayer AG, Novartis AG.
Chronic Pain Market
The Global Chronic Pain Market reached US$75.42 billion in 2024 and is expected to reach US$124.14 billion by 2032, growing at a CAGR of 6.9 % during the forecast period 2025-2032.
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The Chronic Pain Market includes treatments, therapies, and devices designed to help people manage long-lasting pain caused by conditions like arthritis, nerve damage, or injuries. It covers medications, pain management devices, and alternative therapies aimed at improving quality of life for millions suffering from persistent discomfort that affects their daily activities and wellbeing.
Major players in the Chronic Pain market
The prominent players in Chronic Pain market research report are: Pfizer Inc., Johnson & Johnson Services, Inc., GSK plc, Bayer AG, Novartis AG, Endo, Inc., Viatris Inc., Eli Lilly and Company., Teva Pharmaceutical Industries Ltd., and Reckitt Benckiser Group PLC among others.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
In November 2024, KEM Hospital in Mumbai took a major step forward in treating chronic pain by opening a dedicated operation theatre specifically for pain management. This new facility highlights the growing importance of pain management as a specialized area in healthcare, offering patients more comprehensive and effective solutions for persistent pain linked to various medical conditions.
In September 2024, Nevro Corp. received FDA approval and began a limited U.S. release of its HFX iQ spinal cord stimulation system. Featuring the cutting-edge HFX AdaptivAI technology, this system marks a breakthrough in personalized pain relief for people living with chronic pain.
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Market Segments
By Type: Neuropathic Pain, Musculoskeletal Pain, Cancer Pain, Post-Operative Pain, Migraine, Others.
By Treatment Type: Drug Class, Devices.
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies.
The Chronic Pain industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Chronic Pain Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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